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Beer for Fuel?
Osage Bio Energy bringing barley ethanol to the U.S. | Cleantech.com I am pretty OK with using corn for ethanol production. The U.S. produces the vast majority of the world’s corn, and if other countries want our corn, they can pay for it and make American farmers rich or U.S. ethanol companies will make it into tax-break loaded auto fuel. But the article linked above hits me where I live. This company, Osage Bio, wants to make ethanol out of barley. As you probably know, barley is a main ingredient of beer. Who knows what this will do to beer prices! If barley prices double and triple, what effect will that have on a pint of my favorite brew? How much barley do you think goes into making that $5.50 glass of beer? More than the 5¢ worth of corn in the box of corn flakes?
At this point I think the only option is to petition my Senator to issue a press release requesting that the tax on beer be reduced without him actually having to vote on a tax reduction! by Tim Plaehn (Investing Thoughts) Disclaimer: Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital. |
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